Traffic through the Strait of Hormuz rose slightly this week. Ten vessels passed through the chokepoint…
Tag: oil market
US-Iran Peace Deal Expires Amid Ongoing Tensions
The June 17 Memorandum of Understanding (MoU) between the United States and Iran expired on Monday.…
Iran’s Strait of Hormuz Toll Could Reach $20 Billion
Iran's proposal for a toll system on the Strait of Hormuz could generate between $18 billion…
Hormuz Tanker Traffic Hits Two-Month Low Amid Attacks
Traffic at the Strait of Hormuz has fallen to its lowest level in over two months…
Oil Demand Slumps Amid Ongoing Iran Conflict and Sanctions
The ongoing conflict in Iran has led to a significant decline in global oil demand, with…
Iran Claims Attacks on US Bases Amid Hormuz Tensions
Iran announced missile and drone strikes targeting US military bases in Kuwait and Bahrain on July…
US gas prices rise to $4 a gallon amid Iran conflict
The average price for a gallon of gas in the United States reached $4 on Monday,…
Gas Prices Near $4 as Americans Spend $308 Million More
Gas prices in the United States are approaching $4 per gallon, with Americans spending an additional…
Gas Prices Expected to Hit $4 Amid Oil Price Surge
Economist Mohamed El-Erian has predicted that the national average price of gasoline in the United States…
US Strikes Iran, Ceasefire Declared ‘Over’ by Trump
The United States launched multiple airstrikes on Iran early on Wednesday, marking a significant escalation in…